What Is a Supply Chain Planning System

question 80

Multiple Choice

What is a supply chain planning system?

• A) Views all areas up and down the supply chain in real time
• B) Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
• C) Ensures supply chain cohesion by automating the different activities of the supply chain
• D) Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain

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Definitions:

Conceptual Framework

A set of coherent principles and ideas that guide the development, preparation, and interpretation of financial reports, ensuring consistency and comparability.

Financial Statements

Financial statements are comprehensive reports created to highlight an organization's financial performance, financial position, and cash flows over a certain period, commonly including the balance sheet, income statement, and cash flow statement.

Conceptual Framework

A system of ideas and objectives that lead to the creation of a consistent set of rules and standards for financial accounting and reporting.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.